Buying property in Northern Cyprus under quarantine

The COVID-19 pandemic has been a shock and a challenge to the real estate market. However, quarantine also creates some opportunities. First, the market got rid of one-day developers, and only reliable companies with a stable economic model remained.

Also, the demand of buyers is becoming more exacting, which forces developers to be more attentive and offer only high-quality properties.

Stages of purchasing real estate remotely:

For each client individually selected and offered a wide choice of properties, taking into account all the wishes and requirements;
Then organized online-tour through any convenient messenger to you (Whatsapp, Viber, Skype);
After choosing a property, the realtor starts negotiations on behalf of the buyer with the developer or owner, agreeing on the most favorable conditions for the future owner of the property;
Further, there is a remote signing of the reservation of the object. To do this, you need to open an account with one of the banks in Northern Cyprus and pay a deposit within 1-3 thousand GBP (Great Britain Pound); * If the transaction is not completed, the deposit is not refundable.
During the next month, the purchase and sale procedure takes place: a complete check and verification of all documentation before purchase, the terms of the provided interest-free installment plan, and the payment schedule are discussed.
If a bank loan is required, the realtor applies to its provision on behalf of the buyer. It is also necessary to issue a general power of attorney for a lawyer who will act on behalf of the buyer.
The lawyer draws up a purchase and sale contract, after signing which the future owner pays the first installment, usually 30% of the value of the property. Next, the property is registered with the Cyprus Tax Office and the Cyprus Land Department.
From that moment on, you become a full owner, and in the future, you make all subsequent payments per the schedule specified in the purchase and sale agreement.

What are the benefits and opportunities for customers?

Saving time;
Information is always with you at any time it is possible to find out all the necessary clarifications and clarifications;
We are the guarantors of the most secure real estate transactions;
Prompt communication with the agency and highly professional service (consultations and advice on any issues);
Customer support throughout the entire property purchase process;
Organization of an online tour of real estate. Opportunity for potential buyers, together with an agent, to inspect the object, layout, construction phase, and infrastructure in real-time;